Short Interest in iShares Russell 2000 BuyWrite ETF (BATS:IWMW) Increases By 152.8%

iShares Russell 2000 BuyWrite ETF (BATS:IWMW) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 8,078 shares, a growth of 152.8% from the May 31st total of 3,195 shares. Based on an average daily trading volume, of 12,587 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.3% of the company’s stock are short sold.

iShares Russell 2000 BuyWrite ETF Price Performance

iShares Russell 2000 BuyWrite ETF stock opened at $39.81 on Monday. The firm has a market capitalization of $24.68 million, a PE ratio of 15.60 and a beta of 1.03. iShares Russell 2000 BuyWrite ETF has a fifty-two week low of $36.21 and a fifty-two week high of $41.81. The company’s 50-day moving average is $38.55 and its 200-day moving average is $38.68.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IWMW. Banque Cantonale Vaudoise bought a new position in shares of iShares Russell 2000 BuyWrite ETF in the first quarter worth $27,000. Osaic Holdings Inc. bought a new position in shares of iShares Russell 2000 BuyWrite ETF in the second quarter worth about $31,000. International Assets Investment Management LLC bought a new position in iShares Russell 2000 BuyWrite ETF in the 4th quarter valued at approximately $39,000. Jane Street Group LLC bought a new position in shares of iShares Russell 2000 BuyWrite ETF in the 4th quarter valued at $230,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of iShares Russell 2000 BuyWrite ETF during the first quarter valued at about $272,000.

iShares Russell 2000 BuyWrite ETF Company Profile

The iShares Russell 2000 BuyWrite ETF (IWMW) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is a fund-of-funds that employs a covered call strategy on the Russell 2000 index for income, focusing on small-cap US stocks. The fund aims to distribute monthly income from option premiums and dividends. IWMW was launched on Mar 14, 2024 and is issued by BlackRock.